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I knew I wasn’t going to like the article from Friday’s Realty Times as soon as I saw the title- Flipping Houses, a Team Sport? by Ralph Roberts.
Roberts started with:
You can come up with all sorts of excuses not to invest in real estate. Maybe you feel that you don’t have enough time or the knowledge and expertise. Or you couldn’t recognize a good investment opportunity if it bit you. Or you’re afraid of getting stuck with a money pit. Or you don’t have enough money to pay your bills, let alone invest in something.
Slumping sales nationwide indicate that there’s a lot of people feeling that way these days. Robert’s first piece of advice:
A visitor to GetFlipping.com recently contacted me and said that she was interested in flipping houses but just didn’t know how to get started. Of course, I first suggested that she read my book, Flipping Houses For Dummies.
I don’t see a problem with investing in real estate if you know what you’re doing. However, I’ve seen too many dummies that got in trouble even when the market was good, and now the world is a more dangerous place for the dummy investor. Consequently, I was a little skeptical of Roberts advice to bring fellow dummies into the project:- your spouse, your significant other, a relative or co-worker, or someone else you trust as much as yourself were some of his recommendations.
I ran the article by L, who said:
He will need to read my new book on how to recover from disaster:
For Dummies that Tried Flipping Houses and are now Broke, Bankrupt & Divorced
I liked the concept, so I went ahead and designed the cover:
